BMClogo

Although this is usually a good quarter of the price of Crypto assets, the path to the new Bitcoin (BTC) all-time high will continue with a major correction of 20% or higher, according to market analyst Jordi Visser.

Visser said Bitcoin is part of the AI ​​transaction and compared BTC to Nvidia, a high-performance computer chip maker that has become the world’s most valuable public company and the first to reach a $4 trillion valuation. Wieser said:

“I just want to remind people that NVIDIA has risen more than 1000% since Chatgpt’s launch. In that time, less than three years, you’ve been back to the all-time high before you recovered from the all-time high. Bitcoin will do the same thing.”

Bitcoin Price
Nvidia’s stock performance is shown as a price candle, while Bitcoin is shown as a magenta line. Although the bull market has undergone sharp corrections. source: TradingView

Visser predicts that as AI takes over more economic sectors and replaces the human labor force, it will erode traditional companies and make stocks obsolete, pushing investors toward BTC, which will be the best store of value in the digital age.

The price of Bitcoin is one of the most controversial and analytical topics in cryptocurrencies as market analysts try to predict the price trajectory of digital currencies during a period of rapid technological innovation, market disruptions and fiat currencies depreciate.

Related: Bitcoin’s “big bull catalyst” could be the next Fed chair: Novogratz

Analysts Grab Slowly Moving Bitcoin Performance

Market analysts are watching all-time highs for gold and stocks, while Bitcoin’s price is still close to $110,000, down about 11% from the historical height of more than $123,000.

Whether new highs are likely to occur in the fourth quarter, leaping BTC to about $140,000, or recent losses represent the beginning of an extended bear market, which could bring BTC’s price to $60,000.

https://www.youtube.com/watch?v=6g35ewcewum

In the United States, regulatory barriers to Bitcoin strategic reserves that have grown through regular market purchases and expectations for some analysts have weakened.

Previously, some analysts predicted that the U.S. government’s purchase of BTC for national Bitcoin reserves will be the main price catalyst for digital assets in 2025.

Magazine: Recursive Inscription: Bitcoin “supercomputer” and BTC Defi are coming soon